Maritime
Resources
Asset Management
Our Name - Our Inspiration
Car·a·vel [kærəˌvɛl]
noun
a small, highly-manoeuvrable Spanish or Portuguese
sailing ship of the 15th-17th centuries, that
is synonymous with renaissance-era explorers,
pioneering new trade routes and early globalization.
Pioneering new markets
The development around the year 1450
of the caravel – a new trading vessel
that could sail into the wind – launched
a wave of exploration, which we know
today as the Age of Discovery.
This revolutionary ship was used by pioneering explorers
such as Christopher Columbus, Vasco da Gama and
Ferdinand Magellan on their voyages, discovering new
lands and establishing new sea routes to reach them.
The caravel played an important role in the development
of global sea trade, bringing different civilizations closer
and ushering in a new era of economic activity, prosperity
and development around the world.
Today, as global trade patterns are again being transformed
by the shift of economic power towards Asia, the Caravel
Group seeks to navigate the tides of change with the speed,
nimbleness and flexibility of its namesake – focusing on the
world’s high-growth markets with the same adventurous
spirit of discovery that drove the early explorers.
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Mission and Vision
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Our mission
To build a profitable and sustainable business that brings
long-term value to all our stakeholders, both external
and internal.
Providing reliable and cost-effective value-added services
to clients in our three chosen fields – making us their
partner of choice.
We operate as a socially and environmentally aware
organization, and strive to manage our businesses with
these values in mind.
Our vision
To be a company that best understands and provides
solutions to the needs of the maritime, metallurgical and
energy industries within the businesses and geographies
in which we operate.
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Structured for Success
Through our three primary operating units,
we provide solutions in three distinct –
but complementary – areas, while focusing
on selected opportunities within each.
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Structured for success
The Caravel Group Limited, headquartered in Hong Kong, is a diversified global
conglomerate focused on the trading and logistics of dry bulk raw materials,
investment management, and strategic asset ownership.
Through our three primary operating units, we provide value-added solutions
in distinct – but complementary – areas, while focusing on identifying and
capitalizing on selected opportunities within each.
Caravel Maritime
• Fleet Management Limited – third-party ship management
• Caravel Shipping – in-house and third-party dry-bulk commercial and
chartering services
• Maritime asset ownership
Caravel Resources
• Trading of industrial dry bulk commodities
• Focus on raw materials for steel making and power generation
• Main products traded are iron ore, coal & coke, and minor bulks,
such as nickel, chrome and manganese ores
Caravel Asset Management
• Direct investments in global liquid asset classes
• Alternative investments such as private equity and hedge funds
• Focus on risk management to sustain returns through market volatility
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What Makes Us Different?
What makes us different?
Our client commitment and transparency
The Caravel Group has a range of distinctive qualities that
set us apart and ahead of others in the same market space.
Caravel’s dedication to giving our clients world-class
service is expressed in everything we do. We stand
apart through our ability to build and maintain enduring
partnerships with clients – placing our long-term
relationships with them ahead of short-term advantages.
Our start-up energy combined with wealth
of experience
The Caravel Group is a new, dynamic, energetic company
– yet one with a wealth of combined knowledge and
experience – and underpinned by a strong balance sheet.
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We aim to give every counterparty assured performance
in terms of reliability, trust, efficiency and quality.
Simply put, we pride ourselves on our business ethics.
Our integrated solutions across three
business units
Our business strategy is centered on working with our
clients as strategic partners globally to create and
execute mutually beneficial solutions.
Our experience and resources across our primary
business areas of maritime, resources and asset
management give us the ability to offer one-stop
end-to-end solutions within the niche categories
on which we focus and excel.
Our clients benefit from the synergy between our various
operations along the supply chain – origination, handling
the logistics through our maritime arm and where
appropriate, offering tools to manage the financial needs
and risks of these transactions, enabling us to offer
complete and cost-effective solutions.
Our experience
and resources
across our primary
business areas
of maritime,
resources and
asset management
give us the ability
to offer one-stop
end-to-end
solutions within
the niche categories
on which we focus
and excel.
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What Makes Us Different?
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Our agility, pioneering spirit and
response time
Like our namesake vessel, we have the flexibility to adapt
and respond quickly to dynamic market changes.
For the Caravel Group, agility is a key principle
underlying every activity. Our lean entrepreneurial team
minimizes complexity, and we seek innovative ways
to deliver streamlined services with speed and
efficiency – challenging the accepted wisdom and
constantly pushing the boundaries of what is possible.
Our employees – our driving force
Caravel’s workforce is a compact and integrated team
of professionals – united by a shared commitment to
the group’s values of integrity, excellence and client
focus. Together, they pursue Caravel’s vision of creating
sustainable value for both shareholders and employees
through a firm dedication to serving the needs of
counterparties effectively.
We believe that our people are our biggest assets and
therefore we implement best practices in recruitment,
training and development and employee retention.
Our global scale with an Asian focus
With a global presence and a strong balance sheet,
the Caravel Group is ready to serve clients on any
scale, wherever they are located. Our Hong Kong
base and our presence in strategic locations give
us a focus and insight into the world’s fastest-growing
economies – those of Africa, Asia, particularly China,
India, and South East Asia.
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Our Team
A young company with a wealth
of industry and regional experience
The Caravel Group was founded by Harry Banga, one
of the world’s most respected professionals in the industry.
Under his leadership, the Caravel Group has recruited
a talented management team with an exceptional combined
track record coupled with a “can do” attitude.
They bring with them a wide-ranging network of industry
relationships and the trust they have earned over the years
from numerous business partnerships.
We leverage the collective experience, relationships and
knowledge of our teams into a seamless and collaborative
organization with the ability to manage our risks efficiently.
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Spanning the World
The Caravel Group is headquartered
in Hong Kong, at the heart of the most
economically dynamic region on Earth.
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Spanning the world
The Caravel Group is headquartered in Hong Kong, at the
heart of perhaps the most economically dynamic region
on Earth. This supports our business focus on expansion
within the world’s fastest-growing markets.
In addition to Hong Kong, the group and its subsidiaries
operate out of offices in China, Cyprus, India, Indonesia,
the Philippines, Singapore, Switzerland, the United Kingdom
and the United States, enabling us to provide clients
anywhere in the world with real-time coverage in all key
markets at all times.
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Caravel Maritime
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Our goal is to be the “go-to” company
of choice for the dry bulk logistics
solutions for our partners.
Caravel Maritime incorporates all of the Group’s shipping
activities, namely ship management through Fleet
Management Limited and commercial and chartering
operations under the banner of Caravel Shipping, as well
as vessel ownership through our wholly-owned subsidiaries.
Optimizing vessel asset value and
fleet management efficiency
Fleet Management Limited is one of the world’s largest
independent third-party ship management firms with
a 20-year history, over 10,000 qualified seafarers and
close to 350 vessels under management, is a significant
part of our maritime business.
Headquartered in Hong Kong and supported by offices
globally, Fleet Management is dedicated to maintaining
the asset value of our clients’ vessels as economically
as possible. We ensure the vessels under our management
are kept in optimal condition in terms of mechanics,
technology and crew management – and in a state
of operational readiness and compliance.
Fleet Management manages a range of vessels including
bulk carriers, general cargo carriers, oil tankers, gas
carriers, and chemical tankers, ranging from 20,000
to 300,000 DWT – with many being young and energyefficient with an age profile below the industry average.
Fleet Management is also recognized in the industry
as being the most experienced chemical tanker manager.
have become benchmarks in the industry. We understand
that to be one of the world’s best fleet management
companies, we need to be continually innovating to stay
ahead of the curve. That is why we continue to invest
in technology – and today, through our proprietary PARIS
software, we are able to provide ship owners with
an online real-time dashboard showing every facet of the
vessel’s profitability – an accomplishment no other fleet
manager can do.
Fleet Management offers a comprehensive range of
ship management services that we tailor to each vessel
owner’s needs – these include technical and crew
training and management, new building supervision,
insurance, independent surveys, superintendence, audits
and commercial management.
With a strong international compliance team, we observe
the industry’s highest standards for classification, flag
state, and local environmental regulation. Standards and
norms include ISO 9001, ISO 14001, OHSAS 18001
and ISM code compliance certificates from DNV.
Beyond this, we have one of the highest safety records
in the industry and we lead field in maritime pollution
protection technology.
This award-winning organization is complemented and
supported by Caravel Shipping, which provides in-house
and third-party dry bulk commercial and chartering
services to tonnage providers and cargo sources globally.
For the last 20 years, Fleet Management has pioneered
many of the crew, safety, and technical standards that
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Caravel Maritime
Industry-leading dry bulk logistics
solutions
Caravel Shipping specializes in providing in-house and
third-party commercial and chartering services for the
transport of dry bulk cargo. Our scale, experience and
expertise place us among the world’s leading dry bulk
operators. Our business is focused on all major segments
of the dry bulk sector where we believe there exists clear
and tangible interrelationships, whereby through agility
and pre-emptive timing we can offer our clients enhanced
flexibility and greater value added.
We have the expertise to manage all kinds of dry bulk cargoes
at competitive rates through the added efficiency of Caravel’s
maritime and resources operations. Cargoes whether
in-house or from third-parties are carried on vessels that
we operate through our diversified operating network
across the industry.
This system enhances our flexibility, enabling us to reschedule
and align with shipment periods across the globe. As a result
of this, we are able to provide more competitive freight
rates for our clients, while maintaining our high level of
performance and reliability.
Furthermore, Caravel Shipping seamlessly manages all
pre and post-fixture operations, affording clients the latitude
to focus on their core areas with the knowledge that their
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logistics requirements will be handled professionally and well
looked after. Our team includes an experienced network
of Port Captains and agents who are available to find
workable economic solutions to support the needs of our
clients at every port, not only while our vessels are at port,
but even well after they have sailed off.
Our one-stop solution across commercial dry bulk freight
requirements is truly an industry-leader. Our goal is to be
the “go-to” company of choice for the dry bulk logistics
solutions for our partners.
Today, as in the day of Christopher Columbus, we live
in a world where the only constant is change. The global
economic landscape and geo-political events impact trade
and the shipping industry. As governments and business
leaders seek to reduce costs and balance the books, only
the most efficient organizations will be able to maintain
the highest standards and flourish.
Our experience, agility, and understanding of the fundamentals
behind the industry enable us to weather and navigate any
situation efficiently – and this is why a growing number of
companies are choosing Caravel as their shipping partner.
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Caravel Resources
We truly believe that each one of us
needs to be aware of and play a part
in looking after the environment.
Sourcing and delivering excellence
in iron ore, carbons and minor bulks
Caravel Resources is a leading provider of solutions
across the industrial dry bulk value-chain. Our focus
is on the trading of industrial dry bulk raw materials,
principally those used in the steel and energy industries
– iron ore, carbons and minor bulks.
Caravel Resources provides a seamless supply chain
utilizing the synergies that our three business divisions
inevitably provide. This offers all counterparties efficient
and cost effective solutions for their needs, which can
be further tailored to individual requirements that producers
or consumers may ultimately have.
Caravel Resources has three wholly owned subsidiaries:
• Caravel Metallurgical, which handles iron ore
• Caravel Carbons, which deals in coal (both thermal
and metallurgical), metallurgical coke and anthracite
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• Caravel Ores & Alloys is engaged in the trade of minor
bulks, specifically nickel, chrome and manganese ores
We source from origins that offer geographical as well
as cost benefits for the consumers that we service.
Our origination expertise allows us to source a diverse range
of products, for each area of our business from mines
across the globe, including but not limited to, Australia,
Africa (West and Southern), India, Indonesia, Pakistan,
the Philippines and South America.
Whilst our clients are primarily in the broader steel
industry and power generation sectors, we also serve
numerous other industries with requirements for energy
generation, including cement plants, chemical plants,
sugar and textile mills.
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Caravel Resources
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Efficiency and precision throughout
the supply chain
Each transaction and trade we undertake and manage
is complex, requiring precision alignment throughout the
supply chain and dedicated personal service. We add
value drawing from the synergistic coordinated support
across the Group, which allows us to offer our counterparts
exceptional efficiency, logistical expertise and risk
management. This gives our counterparties the freedom
to focus on their core businesses and optimize their
available resources.
Although Caravel Resources is a new business entity,
it is built upon a strong, established network of trade
partnerships spanning many decades. With our pioneering
spirit and agility, we are continually forging new relationships,
and opening up new vistas.
Where required we do offer our services for price risk
management as well as structured finance – for the
long-term benefit of all parties in the supply chain.
At Caravel Resources we are passionate and deeply
committed to the environment. We truly believe that each
one of us needs to be aware of and play a part in looking
after the environment from where we personally, and
as a business, draw sustenance.
Our goal is to serve as a role model within our sphere
of influence, balancing our profitability and ambitions
as a company whilst pursuing an aggressively dynamic
environmental policy. We support numerous environmental
initiatives and are investing resources in carbon offsetting
and creating sustainable resources.
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Caravel Asset Management
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Our long-term outlook and conservative
risk management model is at the core
of our investment strategy.
A conservative investment strategy that
underpins the strength of the group
Caravel Asset Management is an institutional investment
manager, with a primary focus on direct investments
in global liquid markets including public equity and credit,
across all industries. Caravel Asset Management also invests
directly into alternative investments – mainly private equity
and hedge funds – to diversify risks and sustain long-term
returns for the group.
The investment holdings of Caravel Asset Management
are held with affiliates of the Caravel Group, giving strength
to our balance sheet and underpinning the stability of the
entire group.
Due to the tri-fold multi-disciplinary nature of the group
as a whole, Caravel Asset Management has unique
intelligence and insight which allows it to identify and
execute transformative transaction opportunities.
These support the group – particularly in terms of managing
financial risks and achieving synergy [symbiosis] across
the business as a whole.
The Caravel Asset Management team comprises an
experienced and international team focused on 3 key areas
– asset allocation, risk management and deal-focused
investment analysis – who work closely together to deliver
sustainable returns for the group.
Caravel Asset Management utilizes an open architecture
platform which allows us to partner and work closely with
external institutions to ensure that we are able to access
investment opportunities globally and benefit from specialist
insights and analysis.
We focus on the use of cutting edge technology, especially
in our risk monitoring and analysis process, to ensure that
our current and future portfolio risk is actively managed
and hedged, which is a crucial focus for our entire
investment team.
Our long-term outlook and conservative risk management
model is at the core of our investment strategy – as we
continue to pioneer new markets and trade routes, we will
continue to invest in building these for the future.
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The Caravel Group Limited
21st Floor, Central Plaza, 18 Harbour Road, Wanchai, Hong Kong
T +852 2100 2000 F +852 2100 2100 www.caravel-group.com